Comments

1

No money for businesses at all. They all got their handouts 2 years ago. If they're so hard up for cash again they can sell some stock. If they still can't weather this, then they should fold. Free market capitalism.

I find it annoying that regular people are chastised if they don't have a safety savings account to cover them for 6 to 24 months in case of emergencies yet businesses suffer a drop in profits for one fucking week and they're crying this will ruin them. Where's their safety nets?

2

@1: So all will work out well even with no jobs to go back to?

3

Good interview. What crooks trump et al are, heartless crooks. Yes, Obama dropped the ball and that must not be repeated.

4

No $500 BILLION slush fund for Trump/Munchkin/McConnell >>> that's what's holding this up. And Trump wants it free and clear with no oversight so he can do with it what he wants.
NO WAY. THIS WILL BE A $500 BILLION HANDOUT TO A CON MAN, THE FORMER CEO OF GOLDMAN SACHS, AND THE MOST CRAVEN AND CORRUPT GOP MEMBER OF CONGRESS. FUCK THAT NOISE.

And what was done with the obscene tax cuts the corporations got under Trump?
Not one penny went to employees.
Not one penny created new jobs.
Not one penny was put into the economy.
TRILLIONS OF DOLLARS WERE POCKETED BY CEOs and STOCKHOLDERS.
Big business already got their bailout.

$ to small businesses, yes.
$ to all unemployed people, yes.
$ to hospitals and local governments, yes.
$ to people who need necessities to live, yes.
$ to be used to keep the economy from total and complete collapse, yes.

6

House Majority Whip James Clyburn told his Democrat colleagues that the Coronavirus crisis is merely a "tremendous opportunity to restructure things to fit our vision."

Basically what held up the GOP stimulus was Dem opposition to a portion of it being reserved for loans/bailouts for companies, similar to Obama's bailout in 2008.

What held up the Democrat version of the stimulus was demands for such disparate things as mandatory racial statistics for corporate boardrooms, required early voting, a requirement for some corporate board members to be chosen, provisions for union collective bargaining agreements, a requirement that airlines research and release data for the greenhouse emissions of each individual flight, taxpayer funded retirement plans for small town newspaper employees, and nationwide $15 per hour laws.

What any of that second part has to do with helping people weather out the current pandemic, or if these are emergency provisions I have no idea. But something tells me most Americans care more about staying out of debt than making sure that the boardrooms of companies have people of the correct races, or that they know the exact carbon data for each airplane that takes off.

7

@4: How do you define a big business vs. a small business? Assets, capital, number of employees, profit margin? It's more than just Amazon vs. your favorite local boutique.

Restaurants and hotels can be big businesses with little profit margin and might be one of the few employers in a small town. They need help, I'm sure you'd agree.

8

@6,

If the businesses don't like those terms, they're free to turn down the loan offers. Nobody would be forcing them to do those things, they're merely terms of the voluntary loans.

Kinda like workers being paid shit wages. Nobody's forcing them to take those jobs at such low wages, those are merely the wages offered for that work.

Seems totally like the American Way to me.

9

@2,

Eventually.

It'd probably be bloody as hell but when people get desperate enough they'll simply band together and take what they need by force.

10

Let us not forget, that Chrysler in the 80's, and the banks and GM after 2008 paid back their loans to the government, with interest!

11

@8: I imagine that would be the case, but since both bills were rejected, it is not like anyone but congress got a say.

I just have no idea what trying to force the racial makeup of corporate boardrooms or forcing more regulations on airlines does to help common Americans get through this crisis, or why any of that should be on an emergency stimulus bill.

12

WTF is Jaypal talking about? 2008 was TARP, 2009 was the Stimulus, the bailout of the banks "TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit"
"Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector General for TARP (SIGTARP), the Financial Stability Oversight Board, and additional requirements for the Government Accountability Office (GAO) and the Congressional Budget Office (CBO)"
I know you hate Trump, but 2008 was an example of REPUBLICANS revolting against their own President Bush to block a bank bailout resulting in the single biggest drop in stock market history that forced them to say, "oh shit we better pass this shit"
Fucking ridiculous Jayapal only cares about her future career in DC which is why she moved here in the first place.

13

@11,

It has nothing to do with emergency stimulus but you know as well as I that this happens all the time. A highway funding bill with an anti-abortion rider attached. An education funding bill with a gun control rider attached. It's bullshit as usual.

15

@14: Supply and demand

Next question?

17

@16: Of course, help should depend on eligibility of business for loans and public investment. That's what Congress is trying hammer out.

21

I was promised that if I gave up my deductions and we all cut corporate taxes everything would be just fine. Seems like everything has gotten worse since that time. If only someone could have predicted all this. Maybe we can develop an academic discipline that studies such things.

34

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36

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37

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38

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39

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41

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42

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43

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44

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46

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